Lions and friends…
You mean they lied about the data? (Can I see your SHockED face please).
Huge CPI Revisions - Prices Rose Much Faster Than Originally Reported, for Months. Click: https://mishtalk.com/economics/huge-cpi-revisions-prices-rose-much-faster-than-originally-reported-for-months
Bond Yields and Relative Strength of The Dollar are not useless, as they play a large role in the market. However, just because the FED is or isn't issuing tremendous amounts of debt, doesn't mean it is or isn't stock market positive. In my opinion, they are issuing tremendous amounts of debt to keep the system solvent, but allowing the markets to bleed from lack of liquidity...playing a balancing act. Furthermore, I see more suffering in the market until we reach an unprecedented event, like the pandemic or more global lockdowns, which will allow the FED to enact emergency spending and put us right back into the same cycle that 2020 created. Ten Year Yield being suppressed since October could very well be just another tactic for the markets to get what they want and for the FED to keep the system functioning on all cylinders...and as Mannarino preaches all the time, "Central Banks are out to destroy us"...how could it be far fetched that they are using this system to trick us into believing that just because the debt market appears to be inflated, it also means the markets must be inflated too. Nobody ever thinks that the game could change and they want you to be on the opposite side of their trade? In my opinion, the markets could fall much further, even if bond yields remain suppressed but the disconnect between the markets and reality grows each day.
Thanks for the share Greg. Unbelievable! You’ve been right all along. It’s all starting to play out now and I do look at the MMRI several times a day.